Bulgariaâ€™s Finances Squeezing Existing Arms Deals

F910 Wielingen (click to view full) Bulgaria’s government recently allocated BGN 256 million (about EUR 131M/ $174M) from the country’s fiscal reserve in order to complete a number of arms deals, lest it find key defense items repossessed. Bulgaria is actually one of the few NATO countries to meet the agreed 2% of GDP threshold for defense [...]